πŸ“’ TDS on Rent Revised – From 01.04.2025
πŸ’Ό Now applies only if monthly rent > β‚Ή50,000
πŸ“‰ Earlier: TDS if annual rent > β‚Ή2,40,000
βœ… Tenants paying ≀ β‚Ή50K/month = No TDS deduction
πŸ‘₯ Applies to rent paid to residents
.
#TDSonRent #FinanceUpdate #IncomeTaxIndia #TaxCompliance #Section194I #TDSUpdate #TaxSimplification #Finance2025 #TaxPlanning #TaxDeductions #TDSRules #globaljurix
Important Update: Effective 1st October 2024, TDS rates have been revised for various payments under sections like 194DA, 194G, 194H, and more. Ensure you’re informed and updated! #TDSUpdate #TaxCompliance #FinanceUpdates #TaxAlert #IncomeTax